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Business

‘Plots available for all housing’

95,000 apply for homes KUWAIT CITY, July 24: The Public Authority for Housing Welfare (PAHW) revealed that the land plots allocated for residential purposes can …

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Ten ‘scenarios’ prepared by MoF on budget deficit

KUWAIT CITY, July 24: According to forecasts prepared by the Ministry of Finance as part of the statement on the state’s financial situation, the cumulative …

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KuwaitBC eyes closer UAE trade ties

ABU DHABI, July 19, (KUNA): A Kuwaiti business group signed a deal with a UAE-based fund for small and medium enterprises as part of efforts …

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‘Eid shopping’ – Clothes market shows considerable recovery

KUWAIT CITY, July 19: The ready-made clothes market breathed a sigh of relief, temporarily, to get out of stagnation imposed by the Covid-19 pandemic and …

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NBK posts H1 net profit of KD 160.8mn

Total assets grow by 6.4% year-on-year to KD 31.6 billion KUWAIT CITY, July 18: The National Bank of Kuwait (“NBK”, the “Bank” or the “Group”) …

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Projects on hold due to pandemic

KUWAIT CITY, July 18: The projects of the Public-Private Partnership Authority were not spared from the repercussions and negative effects of the COVID-19 pandemic. The …

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MoH extends tender for providing health insurance to retired Kuwaitis

KUWAIT CITY, July 17: The Ministry of Health has extended the tender for providing health insurance to retired citizens (Afiya), which is being implemented by …

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S&P downgrades Kuwait rating; outlook negative

Institutional roadblocks present risks DUBAI, July 17: On July 16, 2021, S&P Global Ratings lowered its long-term foreign- and local-currency sovereign credit ratings on Kuwait …

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Oil prices to stay strong, despite the ‘differences’

THERE are indications of a compromise prior to the OPECPlus meeting next month, as some hard discussions are taking place behind closed doors. An overall …

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Boubyan Bank records KD 21.5mn net profit for first half, up 25% y/y

Boubyan Bank has announced KD 50 million in operating profits for the first half of this year, while continuing to allocate provisions amounting to KD …

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